19Sep

Comex Commodity Trading Signals and Market News – 19 September 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices fell on Thursday after investors digested the Federal Reserve’s Wednesday statement on interest rates and concluded that tighter monetary policy is drawing closer and usher in a strengthening trend for the dollar. Gold and the greenback tend to trade inversely with one another On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at 1,227.00 a troy ounce during U.S. trading, down 0.72%, up from a session low of $1,216.60 and off a high of $1,228.50.The December contract settled down 0.06% at $1,235.90 on Tuesday.

Crude oil prices rebounded slightly in Asia on Friday even as storage woes for bulging crude supplies hang over the market as production outpaces demand for now. On the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in November traded at $92.05 a barrel, up 0.08%, after hitting an overnight session low of $91.84 a barrel and a high of $93.59 a barrel. Brent oil fell 1.3% to $97.70 on ICE Futures Europe Thursday.

Natural gas prices dropped on Thursday after data showed that U.S. stockpiles surpassed the five-year average last week On the New York Mercantile Exchange, natural gas futures for delivery in October were down 1.76% at $3.943 per million British thermal units during U.S. trading. The commodity hit a session low of $3.905, and a high of $4.027.The October contract settled up 0.45% on Tuesday to end at $4.013 per million British thermal units. Natural gas futures were likely to find support at $3.786 per million British thermal units, last Friday’s low, and resistance at $4.078, the high from Sept. 2.The U.S. Energy Information Administration said in its weekly report that natural gas storage in the U.S. in the week ended Sept. 12 rose by 90 billion cubic feet, broadly in line with market expectations.

Natural gas futures extended losses on Thursday, after data showed that U.S. natural gas supplies rose more than the five-year average last week. On the New York Mercantile Exchange, natural gas for delivery in October tumbled 7.4 cents, or 1.86%, to trade at $3.942 per million British thermal units during U.S. morning hours. Prices were at $3.980 prior to the release of the supply data. A day earlier, natural gas futures rose to $4.040, the most since September 2, before settling at $4.013, up 1.8 cents, or 0.45%.

RECOMMENDATION :

  • BUY GOLD ABOVE 1230 TGT 1234,1239 SL 1225
  • SELL GOLD BELOW 1223 TGT 1219,1214 sl1228

Fore more information about Comex Commodity Market Trading or Signals, Please visit- EPIC RESEARCH PRIVATE LIMITED.

19Sep
sgx 19 sep 14

Financial Sgx Singapore Stock Market Trading Picks And News – 19 September 2014

MARKET UPDATES :

  • SINGAPORE households earned an average of S$10,500 a month in 2012/2013, more than the S$8,110 they pulled in five years ago while their spending on goods and services also clicked higher to S$4,720 from S$3,810 over the same period.These findings were released by Singapore’s Department of Statistics’ report on household expenditure based on a survey conducted from October 2012 to September 2013.Average monthly household income from all sources rose 5.3 per cent a year in nominal terms between 2007/08 and 2012/13. Across all income groups, households saw their income grow; those in the lowest to middle income quintiles saw income increase by 6.1 to 6.6 per cent per annum and faster than the income growth of households in the top two quintiles.
  • FRASERS Centrepoint Ltd’s S$600 million debut perpetual issue, the largest perpetual deal this year has been snapped up, said DBS Bank on Thursday.The hot demand led to the NC-5 perpetual bonds being priced at 4.88 per cent, lower than the initial guidance of 5.00 per cenNC-5 means the bonds cannot be redeemed by the issuer until the fifth year, or Sept 24, 201 Orders were in excess of S$3.5 billion, said DBS.
  • SINGAPORE has become the only developed economy to make it onto the Milken Institute’s top 10 list of Asia’s Best- Performing Cities, coming in at eighth place.This index of 24 cities, the institute’s first, is based on economic measures such as the growth of jobs, incomes and high value-added industries such as manufacturing and financial services.”Singapore exhibits how to transition from a low-cost location to an open international economy based on human capital, research and innovation capacities,” the report said.Shenzhen took pole position in the index, followed by Guangzhou, Chengdu and Tianjin, which rounded out the top four. Delhi and Kuala Lumpur were fifth and sixth, respectively. Beijing came in seventh, while Ho Chi Minh City and Shanghai brought up the rear in their respective ninth and 10th spots.
  • THE average monthly household income in Singapore has gone up across the board, a new government survey has found. According to the latest Household Expenditure Survey (HES), the average monthly household income from all sources was S$10,500, up from S$8,110 in the previous survey five years ago. This is an increase of 5.3 per cent per annum in nominal terms and outpaced inflation, which averaged 3.1 per cent in 2013.This survey is done every five years by the Department of Statistics (DOS). For the latest report, field interviews were conducted with 8,575 Singaporean and permanent resident households from October 2012 to September 2013.
  • METAL Component Engineering (MCE) has signed a non-binding Memorandum of Understanding (MOU) with Hangzhou Honghua Digital Technology Stock Co Ltd (Atexco) to develop a new digital textile printer.The Catalist-listed company is hoping the MOU with Atexco, which designs and makes the Vega range of digital textile printers, as well as a range of carpet and graphic printers, will propel it to become a key player in the fast-changing digital textile printing industry.”This collaboration elevates MCE from a traditional precision engineering firm to a company capable of co-developing products and the assembly of highly complex electro-mechanical products,” Chua Kheng Choon, chairman and CEO of MCE, said.
  • Singapore eDevelopment (SeD) has raised S$40.6 million in net proceeds from a rights issue which drew a subscription of 94.85 per cent.Some 53 per cent or 7.8 billion rights shares and 6.2 billion of excess rights shares or 42 per cent were subscribed for under SeD’s 12-for-one rights issue and one bonus share for every rights share. The total of 14 billion rights shares represent 94.9 of total rights shares that were available for subscription.

STOCK RECOMMENDATION :

  • BUY JARDINE CYCLE ABOVE 43.600 TG 43.900, 44.200, 44.600 SL 43.300

Fore more information about SGX stock market please feel free to visit EPIC RESEARCH PRIVATE LIMITED.

18Sep

Comex Commodity Trading Signals and Market News – 18 September 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices fell further in Asia on Thursday as prospects for a Federal Reserve hike in interest rates next year weighed on investors. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at $1,218.00 a troy ounce, down 0.49%, after hitting an overnight session low of $1,228.40 and off a high of $1,239.90. The Federal Reserve said earlier it was leaving its benchmark interest rate unchanged at 0.00-0.25% and added it would likely close its monthly bond-buying program in October. The Fed decided earlier to trim that figure to $15 billion and will likely close it at its Oct. 28-29 meeting.

Oil prices dropped in U.S. trading on Wednesday after a bearish U.S. inventory report offset otherwise bullish news that the OPEC oil cartel is planning to trim output. In the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in November traded down 1.06% at $92.82 a barrel during U.S. trading. New York-traded oil futures hit a session low of $92.77 a barrel and a high of $94.01 a barrel. The November contract settled up 1.98% at $93.81 a barrel on Tuesday. Nymex oil futures were likely to find support at $89.76 a barrel, Monday’s low, and resistance at $94.12 a barrel, Tuesday’s high.

Natural gas prices posted fresh gains on Wednesday after updated weather-forecasting models called for both warm and cool temperatures that should drive demand for both air conditioning and heating, respectively. futures for delivery in October were up 0.18% at $4.002 per million British thermal units during U.S. trading. The commodity hit a session low of $3.961, and a high of $4.040.The October contract settled up 1.63% on Tuesday to end at $3.Natural gas futures were likely to find support at $3.786 per million British thermal units, Friday’s low, and resistance at $4.078, the high from Sept. 2.

• West Texas Intermediate oil futures were lower on Wednesday, as investors awaited the release of weekly supply data out of the U.S. later in the session to gauge the strength of oil demand from the world’s largest consumer. A day earlier, U.S. oil prices rallied $1.82, or 1.98%, to end at a two-week peak of $93.81 a barrel. Prices traded in a range between $93.44 and $93.88. Futures were likely to find support at $89.76 a barrel, the low from September 15 and resistance at $94.99, the high from September 5. The report also showed that gasoline stockpiles decreased by 1.2 million barrels, while distillate stocks rose by 1.0 million barrels.

RECOMMENDATION :

  • BUY GOLD ABOVE 1228 TGT 1232,1237 SL 1223
  • SELL GOLD BELOW 1220 TGT 1216,1211 SL 1225

Fore more information about Comex Commodity Market Trading or Signals, Please visit- EPIC RESEARCH PRIVATE LIMITED.

18Sep
forex-market-hours

IForex Market Trading Signals and News of 18 September 2014

TRADING TIPS :

  • Forex-Dollar holds steady close to 14-month peak ahead of Fed statement.
  • Forex- EUR/USD little changed after E.Z. inflation data .
  • Forex-GBP/USD edges higher but gains in check .

EUR/USD
EUR/USD dipped 0.05% to 1.2957, remaining supported above the 14-month low of 1.2858 reached early last week Eurostat said consumer price inflation rose 0.4% last month, up from a preliminary estimate of 0.3%. Euro zone I Inflation rose by 0.4% in July. The rate remains firmly below the European Central Bank’s target of near but just below 2%Month-over-month, consumer prices inched up 0.1% last month, in line with forecasts and following a 0.7% decline in July Core CPI, which excludes food, energy, alcohol, and tobacco costs rose 0.9% in August, meeting forecasts and unchanged from an initial estimate.

GBP/USD
GBP/USD hit 1.6337 during European morning trade, the pair’s highest since September 5; the pair subsequently consolidated at 1.6290, adding 0.10%Cable was likely to find support at 1.6160, Tuesday’s low and resistance at 1.6465, the high of September 4..In a report, the U.K. Office for National Statistics said that the claimant count fell by 37,200 last month, compared to expectations for a decline of 30,000 people. July’s figure was revised to a drop of 37,400 people from a previously reported decline of 33,600The report also showed that the rate of unemployment declined to 6.2% in the three months to July, the lowest level since December 2008, compared to expectations for a reading of 6.3% and down from 6.4% in the three months to June.

RECOMMENDATION :

1. Buy EUR/USD Above 1.2960-TG:1.2980/1.3010SL 1.2930
2. Sell EUR/USD Below 1.2950-TG:1.2930/1.2900 SL 1.2980

Fore more information about Forex Signals and Market Updates, please visit EPIC RESEARCH PRIVATE LIMITED.

17Sep
sgx 18 sep 2014

Financial Sgx Singapore Stock Market Trading Picks And News – 18 September 2014

MARKET UPDATES :

  • THE Singapore Exchange (SGX) is seeking public feedback on proposals to implement a 20 Singapore-cent minimum trading price hurdle for Mainboard companies, and to give the exchange and new independent committees greater disciplinary powers Companies on the Watch List because their shares are below the minimum share price can either consolidate their shares, move to the Catalist board or seek a reverse takeover. The Watch List for Mainboard -listed companies that report three straight years of losses and have market capitalisation of below S$40 million will remain, although SGX is tweaking some aspects of that to make it more consistent with the minimum share price rules.
  • DEAL-MAKING activity moderated in the third quarter in Singapore from the relentless pace seen in the first two quarters of the year .The Republic saw mergers and acquisitions (M&A) deals of US$7.7 billion in the third quarter, down from US$29.4 billion in the first quarter and US$24.7 billion in the second, latest data from Thomson Reuters revealed. the total value of deals involving Singaporean companies for the past nine months stood at US$61.7 billion, surpassing the total volume last year of US$41.8 million.
  • THE HSBC Trade Confidence Index (TCI) in Singapore decreased slightly from six months ago, dropping five points to 110.Still, it remained above the neutral mark of 100 – indicating further growth in trade flows over the next six months.HSBC said that looking ahead, growth within the export sector is likely to be uneven, as “a number of manufacturing sub-sectors are suffering from a loss of competitiveness”.
  • UNITED Overseas Bank (China) on Wednesday said it plans to maintain its double-digit growth – on an annual compounded basis – over the next five years .This comes as it plans to strengthen its cross-border financing offerings as regional businesses link up with China .Over the last 12 months, UOB has increased its branch network by 30 per cent to 16 branches and sub- branches, it said .This includes opening its Shanghai (Pilot) Free Trade Zone (FTZ) sub-branch in June 2014.
  • THE number of billionaires in Singapore rose 18 per cent to 32 individuals, but their wealth rose by a relatively modest amount .The latest Wealth-X and UBS Billionaire Census finds that Singapore billionaire’s wealth rose just 1.6 per cent to US$65 billion. This is partly due to their exposure to Asian equity markets which have underperformed, and Singapore’s real estate market which has been on a downtrend .The average net worth of a Singapore billionaire is US$2 billion, and the average age is 62.Globally, 155 new billionaires were minted this year, representing a 7 per cent rise in the billionaire population to 2,325 individuals. Their combined wealth rose 12 per cent to US$7.3 trillion.
  • TRIYARDS will be placing up to 29.5 million new shares at 70 Singapore cents each to raise S$19.96 million in net proceeds, the group announced on Wednesday .The company said that it intends to use up to 90 per cent of the proceeds to fund its business expansion, including but not limited to capital expenditure, expansion of markets in relation to the group’s existing business, its product range and acquisitions .The balance will be used for general corporate purposes and working capital .The company had decided at its AGM last December to allot and issue new shares of up to 20 per cent of the company’s issued share capital.
  • SINGAPORE shares rebounded on Wednesday following a firmer Wall Street and hopes that the US Federal Reserve will adhere to its dovish stance .The Fed, which will conclude a two-day policy meeting on Thursday (Singapore time), has held the rate close to zero for more than five years, and stocks have surged against that backdrop .Higher interest rates mean that companies and consumers have to pay more to borrow, leaving them with lower profits and less money to spend.

STOCK RECOMMENDATION :

  • BUY COMFORTDELGRO LTD ABOVE 2.460 TG 2.500, 2.550, 2.620 SL 2.400

Fore more information about SGX stock market please feel free to visit EPIC RESEARCH PRIVATE LIMITED.

17Sep
Forex Signals

IForex Market Trading Signals and News of 17 September 2014

TRADING TIPS :

  • Forex-GBP/USD slides lower after U.K. CPI data.
  • Forex- AUD/USD falls near 6-month lows after RBA minutes.
  • Forex-Dollar remains broadly supported, Fed meeting on tap.

EUR/USD
EUR/USD was steady at 1.2945, remaining supported above the 14-month low of 1.2858 reached one week ago The pair was likely to find support at the 1.2900 level and resistance at around 1.2975.The euro showed little reaction after a report showed that the ZEW index of German economic sentiment fell to 6.9 this month, down from 8.6 in August.The gauge of current conditions dropped to 25.4 from 44.3 in August.The ZEW Institute said the fall was due to growing uncertainty over Germany’s economic outlook as a result of sanctions against Russia, and the subdued outlook for the euro zone economy.

GBP/USD
GBP/USD hit 1.6168 during European morning trade, the pair’s lowest since September 10; the pair subsequently consolidated at 1.6175, sliding 0.36%.Cable was likely to find support at 1.6050, the low of September 10 and a ten- month low and resistance at 1.6278, Monday’s high.Official data showed that U.K. consumer price inflation rose . 0.4% in August, in line with market expectations, after a 0.3% fall the previous month.On a year-on-year basis, U.K. CPI slowed to 1.5% last month from 1.6% in July.U.K. core CPI, which excludes food, energy, alcohol, and tobacco, rose 1.9% last month, up from 1.8% in July. Analysts had expected core prices to rise 1.8% in August.

RECOMMENDATION :

1. Buy EUR/USD Above 1.2951-TG:1.2971/1.3001SL 1.2931
2. Sell EUR/USD Below 1.2929-TG:1.2909/1.2879 SL 1.2959

Fore more information about Forex Signals and Market Updates, please visit EPIC RESEARCH PRIVATE LIMITED.

17Sep

Comex Commodity Trading Signals and Market News – 17 September 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices rose on Tuesday in subdued trading as investors wanted to ditch neither gold nor the dollar until the Federal Reserve releases its statement on monetary policy on Wednesday. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at 1,237.40 a troy ounce during U.S. trading, up 0.19%, up from a session low of $1,232.60 and off a high of $1,242.60. The December contract settled up 0.29% at $1,235.10 on Monday. Futures were likely to find support at $1226.30 a troy ounce, Monday’s low, and resistance at $1,279.20, last high from Sept. 4.

Crude oil prices in Asia declined on Wednesday despite a steep drop in U.S. stocks reported in the U.S. overnight by an industry survey. The American Petroleum Institute showed a 3.3-million-barrel increase in crude stocks last week, a 1.2-million-barrel draw from gasoline supplies and a 1-million-barrel build in distillate inventories. analysts expected the U.S. Department of Energy to report a 1.614 million barrel draw in crude stocks, a build of 486,000 barrels in distillates and a drop of 257,000 barrels in gasoline stocks. On the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in November traded at $93.66 a barrel, down 0.17%, after hitting an overnight session low of $91.53 a barrel and a high of $94.09 a barrel.

Natural gas prices remained in positive territory on Tuesday, buoyed by U.S. weather forecasts for both warm and cool temperatures that should drive demand for both air conditioning and heating, respectively. On the New York Mercantile Exchange, natural gas futures for delivery in October were up 0.93% at $3.968 per million British thermal units during U.S. trading. The commodity hit a session low of $3.863, and a high of $3.977. The October contract settled up 1.92% on Monday to end at $3.931 per million British thermal units.

Oil prices shot up in U .S. trading on Tuesday amid reports that global oil cartel OPEC may trim output, while talk of fresh fighting in Libya also boosted prices. In the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in November traded up 1.78% at $93.63 a barrel during U.S. trading. New York-traded oil futures hit a session low of $91.53 a barrel and a high of $94.09 a barrel. Nymex oil futures were likely to find support at $89.76 a barrel, Monday’s low, and resistance at $95.91 a barrel, the high from Sept. 2

RECOMMENDATION :

  • BUY GOLD ABOVE 1240 TGT 1244,1249 SL 1235
  • SELL GOLD BELOW 1232 TGT 1228,1224 SL 1237

Fore more information about Comex Commodity Market Trading or Signals, Please visit- EPIC RESEARCH PRIVATE LIMITED.

16Sep
sgx 17 sep 14

Financial Sgx Singapore Stock Market Trading Picks And News – 17 September 2014

MARKET UPDATES :

  • SINGAPORE shares ended 1.2 per cent lower on Tuesday.The Straits Times Index fell by 39.85 points to close at 3,272.62. Some 1.54 billion shares valued at S$1.27 billion changed hands. Losers beat gainers 396 to 87.
  • EZION Holdings secured yet another contract to provide a service rig to support a regional national oil company. The US$76 million contract is over a three-year period and comes with extension options. The rig expected to be deployed and working in the South-east Asian waters by end 2016. OCBC announced the buy back of 100,000 shares on Monday after market closed at the price of S$9.76, taking its total shares purchased to date by way of market acquisition to more than 8.6 million, forming 0.25 per cent of company’s issued shares, excluding treasury shares.
  • OCBC announced the buy back of 100,000 shares on Monday after market closed at the price of S$9.76, taking its total shares purchased to date by way of market acquisition to more than 8.6 million, forming 0.25 per cent of company’s issued shares, excluding treasury shares. The bank, which has been re-appointed as the Baby Bonus Bank – a role assumed since 2008 – said the protection plan will be more affordable and targeted at addressing the needs of new parents . MaxMaternity Care is a three-year policy that aims to protect the expectant mother against maternity complications from as early as the 13th week of pregnancy, and to continue protecting the newborn against congenital illnesses until the policy matures,” OCBC said.
  • THE Public Transport Tripartite Committee (PTTC) has outlined the guidelines on good employment practices that will be required of public bus operators as Singapore prepares for changes to its public bus transport system. This comes after the government announced earlier this year a planned shift to a bus contracting model where the government would own the buses and bus infrastructure, while routes will be contracted out for operators to run. Operators will be paid a fee for their service while the government will retain fare revenue.All bus routes will be progressively tendered out in packages, starting with three packages in 2014/2015, which could see new operators joining incumbents SMRT and SBS Transit.
  • INDUSTRIAL and Commercial Bank of China (ICBC) on Tuesday said its Singapore branch has issued a total of four billion yuan (S$821.4 million) of “Lion City” hybrid bonds, with two of the three tranches being dual listed on the Singapore Exchange (SGX) and the GreTai Securities Market (GTSM).This is the biggest Lion City bond issuance to date, breezing past the previous two billion yuan record ICBC had set in 2013. It is also the first time a Chinese bank has issued dual-listed tranches.The four billion yuan hybrid bond issue was priced in three tranches; one for two-year bonds to raise two billion yuan, a second for five-year bonds to raise 700 million yuan, and the final for seven-year bonds to raise 1.3 billion yuan.The bonds were priced with a coupon of 3.5 per cent, 3.7 per cent, and 3.95 per cent respectively.
  • BUREAU Veritas, a testing, inspection and certification agency, announced on Tuesday that it has acquired a 70 per cent stake in Singapore consultancy CKM Consultants Pte Ltd.The acquisition of the engineering and construction services firm will pave the way for the Euronext Paris-listed Bureau Veritas to take part in Singapore’s public-sector construction projects and to expand into private-sector projects in the longer term, it said. The partnership follows CKM Consultants’ clinching of a S$26 million contract to perform comprehensive “qualified-person supervision” – a supervisory service it has been accredited to perform – on four stations of the upcoming Thomson Line. The railway line is expected to open in phases from 2019. Bureau Veritas believes that the acquisition will enable it to inject its global practices into its Singapore partner, as well as bring CKM’s expertise to overseas markets, especially in South-east Asia.

STOCK RECOMMENDATION :

  • BUY CITY DEVELOPMENT LTD ABOVE 9.600 TG 9.680, 9.780, 9.900 SL 9.500

Fore more information about SGX stock market please feel free to visit EPIC RESEARCH PRIVATE LIMITED.

16Sep

Comex Commodity Trading Signals and Market News – 16 September 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices dipped in Asia on profit taking and ahead of a key Federal Reserve announcement on monetary policy this week.On the Comex division of the New York Mercantile Exchange, goldfutures for December delivery traded at $1,233.50 a troy ounce, down 0.13%, after hitting an overnight session low of $1,226.40 and off a high of $1,239.00. Overnight, gold prices rose after mixed U.S. data gave investors room to snap up nicely-priced positions in the commodity. In a report, the Federal Reserve Bank of New York said that its general business conditions index increased to a five-year high of 27.5 this month from 14.7 in August. Analysts had expected the index to rise to 16.0 in September A separate report showed that U.S. industrial production fell 0.1% last month, disappointing forecasts for a 0.3% gain. Industrial production for July was revised down to a gain of 0.2% from a previously reported increase of 0.4%.

Crude oil prices eased ahead of industry data on U.S. stocks and as a weak demand profile against ample supplies continued to weigh.On the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in November traded at $91.89 a barrel, down 0.11%, after hitting an overnight session low of $89.90 a barrel and a high of $91.83 a barrel. The global Brent oil contract on the ICE Futures Europe exchange fell 0.5% to $96.65 a barrel, the lowest settlement since June 28, 2012. Brent is down 17% from the 2014 high reached in mid-June. The October Brent contract expired with the close of trading Monday.

Oil prices rose in U .S. trading on Monday after mixed data weakened the U.S. dollar, though soft Chinese factory data capped oil’s gains. The November contract settled down 0.53% at $91.37 a barrel on Friday.

Natural gas prices rose on Monday after updated weather-forecasting models called for seasonably warm temperatures across the southern U.S., which should boost demand for air conditioning. natural gas futures for delivery in October were up 1.44% at $3.913 per million British thermal units during U.S. trading. The commodity hit a session low of $3.840, and a high of $3.952. The October contract settled up 0.89% on Friday to end at $3.857 per million British thermal units. light sweet crude oil futures for delivery in November were up 0.27% at $91.62 a barrel, while heating oil for October delivery were up 0.13% at $2.7441 per gallon.

Copper futures started the week lower on Monday, after data showed that China’s factory output grew at the weakest pace in nearly six years in August, adding to concerns over a slowdown in the world’s second largest economy.

RECOMMENDATION :

  • BUY GOLD ABOVE 1238 TGT 1242,1247 SL 1233
  • SELL GOLD BELOW 1232 TGT 1228,1223 SL 1237

Fore more information about Comex Commodity Market Trading or Signals, Please visit- EPIC RESEARCH PRIVATE LIMITED.

16Sep
forex-trading3

IForex Market Trading Signals and News of 16 September 2014

TRADING TIPS :

  • Forex-Dollar holds near 14-month peak ahead of Fed meeting.
  • Forex-Euro lower as China slowdown fears weigh.
  • Forex-Dollar holds near 14-month peak ahead of Fed meeting.

USD/JPY
USD/JPY held steady, just below six-year highs at 107.25 as the diverging monetary policy stance between the Fed and the Japanese central bank continued to pressure the yen lower.The yen came under pressure last week after Bank of Japan Governor Haruhiko Kuroda said that the bank would be prepared to immediately loosen monetary policy or implement other measures if its 2% inflation target becomes difficult to meet.The euro fell against the dollar, to trade close to 14-month lows with EUR/USD down 0.32% to 1.2924.Market sentiment weakened after data on Saturday showed that Chinese industrial output slowed sharply last month.

GBP/USD
GBP/USD dipped 0.10% to 1.6249, but remained comfortably supported above the 10-month lows of 1.6050 struck last Wednesday. Cable was likely to find support at around 1.6185 and resistance at about 1.6280.The latest opinion polls on the Scottish independence referendum indicated that the outcome of the vote is too close to call.Concerns over the prospect of a yes vote sparked a selloff in the pound last week after polls indicated that support for the yes vote had edged into the lead for the first time since the start of the pro-independence campaign.Uncertainty over what currency an independent Scotland would use, as well as concerns over how much of the U.K. national debt it would take on have rattled financial markets.

RECOMMENDATION :

1. Buy USD/JPY Above 107.47-TG:107.67/107.97 SL 107.17
2. Sell USD/JPY Below 106.80-TG:106.60/106.30 SL 107.10

Fore more information about Forex Signals and Market Updates, please visit EPIC RESEARCH PRIVATE LIMITED.

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